Empire Capital Holdings Information

Empire is an independent private partnership of investment professionals with hands-on experience and capital market expertise. Empire professionals have overseen extensive investments and joint ventures and have invested with a focus on commercial real estate through a broad range of opportunistic investments. Empire professionals have built a successful track record across multiple asset classes and market cycles. Empire’s professionals are a high energy, results oriented team, allowing us to carefully analyze and act quickly as circumstances warrant. Empire professionals have structured complex real estate investments and joint ventures establishing a strong track record across multiple asset classes. Empire’s approach targets both income-producing and opportunistic assets in New York City, both independently and as participants in joint venture opportunities. Strategy Income Producing Opportunities Empire invests in income-producing assets with the following characteristics: High-Quality/Creditworthy Tenancy Future Conversion or Repositioning Potential Sale-Leaseback Arrangements Transitioning submarkets with statistical and circumstantial evidence suggesting significant growth Assets with inefficient management requiring new leasing strategies, active management, physical capital improvements, and opportunities to renegotiate undervalued leases Unique architectural features or historical significance Value-Add Opportunities Empire also executes conversions and repositioning projects to realize the highest and best use of an asset, including: Opportunities to bifurcate mixed-use assets to sell the retail, residential or office components in separate transactions while retaining others at a reduced basis Distressed assets requiring an expedited sale due to external circumstances Acquisition of existing assets for conversion below replacement cost Repositioning existing assets to realize highest and best use Development assemblage opportunities (simultaneous transactions with multiple owners of adjacent lots) Acquisition of loans